Colorado-based miner Golden Minerals has reported positive findings in a preliminary economic assessment (PEA) and updated mineral resource estimate for the Velardeña Properties, which is the company’s silver and gold project located in Durango state, Mexico.
Engineering company Tetra Tech was responsible for preparing the PEA, which assigned the project a net present value of almost $86-million and a possible internal rate of return of 138% after one year.